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Entry regulations, welfare and determinants of market structure
Maican, Florín G.; Orth, Matilda - 2015
We use a dynamic oligopoly model of entry and exit with store-type differentiation to evaluate how entry regulations … demand, recover variable profits, and estimate entry costs and fixed costs by store type. Counterfactual policy experiments … show that welfare increases when competition is enhanced by lower entry costs. Protecting small stores by imposing …
Persistent link: https://www.econbiz.de/10011412927
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Quality predictability and the welfare benefits from new products : evidence from the digitization of recorded music
Aguiar, Luis; Waldfogel, Joel - 2015
using an explicit structural model of demand and entry with potentially unpredictable product quality. Based on plausible …
Persistent link: https://www.econbiz.de/10011979989
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Conjectural cost variations in a differentiated good oligopoly
Jurgan, Jens (contributor) - 2009
In the homogenous good case, the relationship between market structure and efficiency was studied extensively. Assuming a standard quadratic utility with quantity competition, this paper carries on the analysis in a differentiated good context. It can be shown that there is a positive...
Persistent link: https://www.econbiz.de/10003811819
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Getting beer during commercials : adverse effects of Ad-Avoidance
Stuehmeier, Torben; Wenzel, Tobias - 2009
opportunities decrease profits and entry in the free-to-air regime. In contrast, in the pay-TV regime, lower income from …
Persistent link: https://www.econbiz.de/10003894821
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Endogenous technology sharing in R&D intensive industries
Clark, Derek J.; Sand, Jan Yngve - 2010
This paper analyses endogenous formation of technology sharing coalitions with asymmetric firms. Coalition partners produce complementary technology advancements, although firms do not co-operate on R&D investment level or in the product market. The equilibrium coalition outcome is either...
Persistent link: https://www.econbiz.de/10003918993
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Heterogeneous firms, the structure of industry, & trade under oligopoly
Bekkers, Eddy; Francois, Joseph F. - 2008 - printdate: August 27, 2008
examine both free entry and limited entry (free exit) cases. The model generates clear testable predictions on the probability …
Persistent link: https://www.econbiz.de/10009239053
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Profitable horizontal mergers without cost advantages : the role of internal organization, information, and market structure
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001
Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare-improving even if costs are linear. The...
Persistent link: https://www.econbiz.de/10011398061
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Strategic trade policy in general oligopolistic equilibrium
Colacicco, Rudy - 2013
In a two-country general oligopolistic equilibrium model, I study how cross-sector strategic trade policy affects wages, countrywide profits, and welfare. Firms face resource constraints and wages are simultaneously determined. Relative to free trade, cross-sector protectionism generates a...
Persistent link: https://www.econbiz.de/10011374297
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Real-time pricing in power markets : who gains?
Boom, Anette; Schwenen, Sebastian - 2012
We examine welfare effects of real-time pricing in electricity markets. Before stochastic energy demand is known, competitive retailers contract with final consumers who exogenously do not have real-time meters. After demand is realized, two electricity generators compete in a uniform price...
Persistent link: https://www.econbiz.de/10009666499
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Strategic trade policy and merger profitability
Huck, Steffen; Konrad, Kai A. - 2003
We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy environment. Merger changes the strategic trade policy equlilibrium. We show that merger can be profitable and welfare enhancing here, even though it would not be profitable in a...
Persistent link: https://www.econbiz.de/10011507913